~ A Blog on Gems

Luk Fook Extends Turnaround with Sales Boost

RAPAPORT… Luk Fook Holdings recorded an increase in sales in its fiscal first quarter, driven by an improvement in mainland China after a prolonged decline in turnover.The Hong Kong-based jeweler reported same-store sales growth of 5% year-on-year in the three months that ended June 30, powered by a robust performance by its outlets in mainland China where gold jewelry sales were up 32%. Gem-set…